XML 21 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Insurance premiums $ 6,425 $ 3,672 $ 6,087
Fee income 5,402 5,467 5,603
Net investment income 5,525 5,879 5,515
Realized gain (loss) 269 (4,311) 840
Other revenues 821 938 765
Total revenues 18,442 11,645 18,810
Expenses      
Benefits 7,918 6,138 8,479
Interest credited 3,443 3,248 2,877
Market risk benefit (gain) loss (2,677) (2,264) (3,246)
Policyholder liability remeasurement (gain) loss (190) (152) 2,766
Commissions and other expenses 5,590 5,492 5,292
Interest and debt expense 336 331 283
Impairment of intangibles 0 0 634
Total expenses 14,420 12,793 17,085
Income (loss) before taxes 4,022 (1,148) 1,725
Federal income tax expense (benefit) 747 (396) 367
Net income (loss) 3,275 (752) 1,358
Other comprehensive income (loss), net of tax:      
Unrealized investment gain (loss) (788) 3,715 (18,059)
Market risk benefit non-performance risk gain (loss) (924) (671) (210)
Policyholder liability discount rate remeasurement gain (loss) 157 (160) 2,012
Foreign currency translation adjustment (3) 8 (20)
Funded status of employee benefit plans (2) (16) (59)
Total other comprehensive income (loss), net of tax (1,560) 2,876 (16,336)
Comprehensive income (loss) 1,715 2,124 (14,978)
Net Income (Loss) Available to Common Stockholders      
Net income (loss) 3,275 (752) 1,358
Preferred stock dividends declared (91) (82) 0
Net income (loss) available to common stockholders $ 3,184 $ (834) $ 1,358
Net Income (Loss) Per Common Share      
Basic (in dollars per share) $ 18.66 $ (4.92) $ 7.93
Diluted (in dollars per share) 18.41 (4.92) 7.78
Cash Dividends Declared Per Common Share (in dollars per share) $ 1.80 $ 1.80 $ 1.80